Sell EURINR Jan @ 106 SL 106.3 TGT 105.7-105.5 - Kedia Advisory
USDINR
SELL USDINR JAN @ 90.2 SL 90.35 TGT 90.05-89.9.
Observations
USDINR trading range for the day is 89.96-90.3.
Rupee closed out the year with a second straight monthly decline in December, a period in which it fell past the 91-per-dollar mark for the first time.
RBI reports a positive near-term economic outlook with low inflation, but warns of global uncertainties and rising cyber-enabled frauds.
India's industrial output surged 6.7% year-on-year in November 2025, a significant rebound from October's slowdown
EURINR
SELL EURINR JAN @ 106 SL 106.3 TGT 105.7-105.5.
Observations
EURINR trading range for the day is 105.49-106.29.
Euro dropped as investors continue to weigh the prospects for additional Federal Reserve policy easing in 2026
Euro zone business activity growth slowed more than expected at the end of 2025 as a contraction in manufacturing deepened.
Euro zone consumer confidence fell by 0.4 points in December from the November number.
GBPINR
SELL GBPINR JAN @ 121.3 SL 121.6 TGT 121-120.7.
Observations
GBPINR trading range for the day is 120.63-121.75.
GBP dropped as investors expect the BoE to follow a moderate monetary easing cycle next year.
BoE cut interest rates after a narrow vote by policymakers, but it signalled that the already gradual pace of lowering borrowing costs might slow further.
Manufacturing activity data due on Friday will give the next indication of the state of Britain's economy.
JPYINR
SELL JPYINR JAN @ 57.7 SL 57.9 TGT 57.5-57.3.
Observations
JPYINR trading range for the day is 57.61-57.89.
JPY dropped as investors weighed the country’s expansive fiscal policy.
The cabinet recently approved PM Takaichi’s record-setting 122.3 trillion yen budget, aiming to balance aggressive fiscal spending.
On the monetary policy front, markets are watching July for the next rate hike, though an earlier move is possible if the yen weakens further.
